(Bloomberg) -- The Financial Industry Regulatory Authority mistakenly gave failing grades to 208 candidates for the Series 24 exam.
“FINRA apologizes to the affected individuals for any problems the error may have caused,” Wall Street’s self-funded regulator said Wednesday in a statement. “No individuals incorrectly received a passing grade.”
The test, which covers rules and regulations for supervising broker-dealers, was given to 1,421 people from July 13 through Sept. 24, according to the statement.
FINRA, which blamed a “configuration error,” said it’s correcting individual records and notifying the affected firms.
FINRA said it administered almost 210,000 exams last year.
Copyright 2018 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
